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Just dropped · Trial Balloon · Ep. 193

The Magnificent Seven

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Trial Balloon · Ep. 193: The Magnificent Seven

Secret Campaign Spending Set to Break Record

September 18, 2014 · 8:52 am ET · Leave a Comment

Mother Jones: “A milestone passed in late August: According to the Center for Responsive Politics, dark-money groups–nonprofits created under the 501(c)(4) and (c)(6) sections of the US tax code–had by then surpassed $50 million on elections. These groups, unlike political action committees and candidates’ campaigns, do not have to disclose their donors. So some of the key players looking to sway election results remain in the shadows. This was a new record and seven times the amount of dark money spent by the same point on House and Senate elections in 2010. And this week, dark-money spending for the 2014 cycle reached $63 million–just shy of the $69 million in dark money spent during the entire 2008 presidential election.”

“Every politician knows that campaign season begins in earnest after Labor Day. If recent history is any guide, there is sure to be an unprecedented last-minute blitz of dark-money spending.”

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